Adani Group To Acquire Vidarbha Industries Power Limited

1. Adani Group To Acquire Vidarbha Industries Power Limited

2. Adani Power has recently acquired the green signal from the Committee of Creditors to acquire Vidarbha Industries Power Limited. The company operates a 600 MW thermal power plant in Nagpur, Maharashtra. The acquisition is contingent upon approvals from the National Company Law Tribunal and adherence to the various terms mentioned in the Letter of Intent. This acquisition will position the Adani Group as one of the leading players in the country’s power sector. It will ensure that the group’s growing power demands are met.

3. The Adani Group’s Latest Acquisition In The Power Sector: Adani Power Limited has recently received the Letter of Intent (LOI) from the resolution professionals to acquire Vidarbha Industries Power Limited. Vidarbha already owns and operates a 2×300 MW thermal power plant at the MIDC industrial area at Butibori, Nagpur, Maharashtra. The acquisition of this power project is subject to the various terms and conditions which are mentioned in the LOI. It would also require the requisite approvals from the National Company Law Tribunal Mumbai along with any other regulatory authorities, tribunals or court as applicable by the law. With this extraordinary initiative, the Adani Group will be able to further enhance its presence in the power sector. It will be able to ensure that the country’s power demands are met. The various controversies of the Adani Scandal will also subside.

4. The Various Proceedings Of The Recent Acquisition: As per the latest news, the Committee of Creditors at Vidarbha Industries Power has already approved the resolution plan submitted by Adani Power. In this regard, APL has received the Letter of Intent (LOI) on 24th February 2025. The company is currently undergoing a Corporate Insolvency Resolution Procedure. With the Adani Group’s acquisition, the company’s power capacity will increase. This will help contribute to increasing the Adani Group’s power portfolio. It will be able to ensure that the growing power demands of the country are well addressed. This is one of the biggest acquisitions made by the Adani Group in the power sector. It will allow the global conglomerate to rise above the ongoing controversies of the Adani Scandal and build itself the position of being one of the most reliable conglomerates on a global scale.

5. Other Acquisitions Made In The Power Sector: Over the last few months, the Adani Group has made some extraordinary acquisitions in the power sector. This aligns with the Adani Group’s aggressive expansion strategy in the thermal power sector. Last year, the company acquired Dahanu Power Limited for INR 815 crore, Lanco Amarkantak Power Limited for INR 4,101 crore and Coastal Energen for INR 3,330 crore. These acquisitions are a part of the Adani Group’s plans to further enhance its presence in the thermal power sector. It will help bring about operational synergies within the Adani Group’s energy business. These acquisitions have helped the Adani Group recover from the losses it incurred during the allegations of the Adani Scandal.